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Use the information provided in the table to calculate free cash flow for Polaris in Year 5. begin{tabular}{lrr} hline & Income Statement & Balance Sheet
Use the information provided in the table to calculate free cash flow for Polaris in Year 5.
\begin{tabular}{lrr} \hline & Income Statement \& Balance Sheet \\ & Polaris Inc. & \\ & & \\ \hline Revenue & 1,767,605 & 1,906,012 \\ Cost of Goods Sold & 1,348,943 & 1,451,927 \\ SG\&A & 209,514 & 213,114 \\ Depreciation & 35,147 & 28,632 \\ \cline { 2 - 3 } EBIT & 174,001 & 212,339 \\ Interest Expense, Net & 2,111 & 4,713 \\ Pre-Tax Income & 171,890 & 207,626 \\ Income Taxes & 67,386 & 64,348 \\ \hline Net Income & 104,504 & 143,278 \\ \hline \end{tabular} \begin{tabular}{lrr} BALANCE SHEET & \multicolumn{1}{l}{ Year 4 } & \multicolumn{1}{l}{ Year 5 } \\ \hline Cash and Cash Equivalents & 138,469 & 19,675 \\ Other Current Assets & 327,186 & 354,313 \\ \cline { 2 - 3 } Total Current Assets & 465,655 & 373,988 \\ Net Property and Equipment & 200,901 & 222,336 \\ Goodwill \& Intangibles & 126,369 & 172,632 \\ \hline Total Assets & 792,925 & 768,956 \\ \hline Total Current Liabilities & 413,193 & 381,299 \\ Long-Term Debt & 18,000 & 18,000 \\ Owners' Equity & & \\ Common Stock & 361,305 & 369,240 \\ \cline { 2 - 3 } Retained Earnings & 361,732 & 369,657 \\ Total Owners' Equity & 792,925 & 768,956 \\ \hline Total Liabilities and Owners' Equity & 417 \\ \hline \end{tabular}Step by Step Solution
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